Akzo Nobel To Review Third PPG Proposal

By MarketsMarketWatch Pulse

Akzo Nobel N.V. said that it will consider the third unsolicited proposal that it has received from PPG Industries Inc. , in accordance with the Dutch governance code. PPG raised its offer for the second time to EUR96.75 per share (about $105) from the previous bid of EUE88.72. Akzo Nobel rejected the previous bids, saying they were too low. Akzo Nobel shares are up 37.6% for the year so far, while PPG shares are up 11.8% for the period. The S&P 500 index is up nearly 5% for 2017 so far.

Copyright © 2017 MarketWatch, Inc.

Continue Reading Below